Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) Short Interest Down 95.5% in May

Direxion Daily BA Bull 2X Shares (NASDAQ:BOEU) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 7,780 shares, a decline of 95.5% from the May 14th total of 173,004 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 42,126 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily BA Bull 2X Shares Price Performance

Shares of BOEU stock traded down $0.35 on Tuesday, hitting $33.95. The stock had a trading volume of 21,930 shares, compared to its average volume of 47,204. Direxion Daily BA Bull 2X Shares has a 1 year low of $26.38 and a 1 year high of $52.46. The company’s 50 day moving average price is $37.12 and its 200-day moving average price is $38.60.

Direxion Daily BA Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.162 dividend. This represents a $0.65 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily BA Bull 2X Shares

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of Direxion Daily BA Bull 2X Shares in the 2nd quarter valued at $1,002,000. Optiver Holding B.V. raised its holdings in shares of Direxion Daily BA Bull 2X Shares by 59.3% in the 1st quarter. Optiver Holding B.V. now owns 14,862 shares of the company’s stock valued at $452,000 after buying an additional 5,535 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Direxion Daily BA Bull 2X Shares in the 4th quarter valued at $302,000.

Direxion Daily BA Bull 2X Shares Company Profile

The Direxion Daily BA Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the common shares of The Boeing Company (NYSE: BA). This ETF is designed for short-term tactical trading and aims to provide leveraged exposure to Boeing’s daily stock performance.